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To: skinowski who wrote (64045)1/20/2003 6:35:43 PM
From: At_The_Ask  Read Replies (1) | Respond to of 209892
 
I have it on pretty good authority that the pattern he is trying to show becomes invalid if t2 is lower than t4(which it is). It's supposed to be an ED with an extended 1st wave(which it's not).

IMO he is stuck on the concept that the august up is an a and that the oct move is the c of a flat(which it's not). The reason he wants this to be so is because he wants the big "epicenter of wave three down" to happen. I don't see this as possible. Guys that are promoting this count are just dead wrong. They are looking for what they want to see rather than letting the charts tell them whats happening.

There isn't enough room on any index between here and zero for such a wave except for possibly the dow. Imagine the NDX 100. It's already lost 80% of it's value. How can it have a giant three down without hiting 0? What catalyst causes such a move? Only a nuclear terror incident could cause something like that.